Intraday Stock Calls & Market Update



Market opened flat yesterday but rebounded but failed to sustain and slipped again lower in subsequent session. But all’s well that ends well, it rallied smartly in the closing hours after reports that S&P’ss has affirmed its ratings on India and revised its outlook to stable from negative, saying the country’s fiscal position could begin to recover and the economy would remain on a strong growth path.

News Bits

  • India’s food price inflation eased in early March but fuel inflation continued to rise, adding upward pressure on headline inflation and maintaining the case for the Reserve Bank to raise rates at its April policy review. Data released showed the food price index rose 16.30% in the year to March 6, lower than an annual rise of 17.81% in the previous week, continuing a downward trend for the second straight week. (BS)
  • Sun Pharma received approval from the US health regulator for generic version of anti-allergic product Prometh syrup. (BS)
  • Idea Cellular has alloted 19.91 crore shares to the shareholders of Spice Communications that has been merged with the Company. (BS)
  • Fedders Lloyd Corporation said the company in a consortium with Spain’s Cobra Instalaciones bagged a power distribution project worth Rs. 2.57 bn from Madhya Pradesh Kshetra Vidyut Vitaran. (BS)
  • The cost of living in the US was unchanged in February, underscoring the Federal Reserve’s forecast that inflation will remain low. The consumer-price index didn’t increase for the first time since a decrease in March 2009, and followed a 0.2% gain in January, Labor Department figures showed. Excluding food and energy costs, the so-called core index increased 0.1%. (Bloomberg)

Intraday Tips

ATLANTA
Around 213-215
Target: 224-227
Stoploss 211

Very Short Term Calls

Bharti Airtel:
Buy ABOVE: 303-304
Target: 315-320 IN NO TIME
Stoploss: 294

Reliance Media Works:
Buy ABOVE 236
Target: 250+
Stoploss: 222
View : Short Term

 

JKTYRE ( JK Tyre And Industries Ltd )

Action

Trigger Price

Stop Loss

Target-1

Target-2

BUY ABOVE

206

203

210.5

218

SELL BELOW

199

202

196

189

RECLTD ( Rural Electrification Corporation Limited )

Action

Trigger Price

Stop Loss

Target-1

Target-2

BUY ABOVE

253

248

256

262

SELL BELOW

247

250

244

240

HANUNG ( Hanung Toys And Tex Ltd )

Action

Trigger Price

Stop Loss

Target-1

Target-2

BUY ABOVE

183

177

188

195

SELL BELOW

175

177

171

161

 

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Friday, March 19th, 2010 Intraday Calls

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